{"id":1248516,"date":"2022-01-27T18:07:48","date_gmt":"2022-01-27T23:07:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1248516"},"modified":"2022-01-27T18:07:59","modified_gmt":"2022-01-27T23:07:59","slug":"chamber-of-commerce-signals-opposition-to-latest-biden-fed-nominee-sarah-bloom-raskin","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chamber-of-commerce-signals-opposition-to-latest-biden-fed-nominee-sarah-bloom-raskin\/","title":{"rendered":"Chamber Of Commerce Signals Opposition To Latest Biden Fed Nominee Sarah Bloom Raskin"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchamber-of-commerce-signals-opposition-to-latest-biden-fed-nominee-sarah-bloom-raskin%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1248516&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p>The largest lobbying group in the U.S. is raising concerns over President Joe Biden\u2019s latest high-profile nominee, according to a letter released Thursday.<\/p>\n<p>\u201cSome of Ms. Raskin\u2019s past actions and statements have raised concerns among the U.S. business community and merit the Committee\u2019s scrutiny,\u201d <a href=\"https:\/\/www.uschamber.com\/finance\/u-s-chamber-letter-on-the-nomination-of-sarah-bloom-raskin-for-the-federal-reserve\" target=\"_blank\" rel=\"noopener noreferrer\">wrote<\/a> the U.S. Chamber of Commerce to Senate Banking Committee Chair Sherrod Brown and Ranking Member Pat Toomey. Sarah Bloom Raskin was <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/01\/14\/president-biden-nominates-sarah-bloom-raskin-to-serve-as-vice-chair-for-supervision-of-the-federal-reserve-and-lisa-cook-and-philip-jefferson-to-serve-as-governors\/\" target=\"_blank\" rel=\"noopener noreferrer\">nominated<\/a> on Jan. 14 by President Joe Biden to serve as vice chair for Supervision of the Board of Governors of the Federal Reserve System, which would make her in charge of regulating the banking industry.<\/p>\n<p>The letter raises several questions concerning the independence of the Federal Reserve, climate change, COVID-19, banking regulation and financial stability. <a href=\"https:\/\/dailycaller.com\/2021\/11\/19\/federal-trade-commission-us-chamber-of-commerce-white-house-lina-khan\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>(RELATED: Chamber Of Commerce Goes After FTC For \u2018Waging A War\u2019 Against American Businesses)<\/strong><\/a><\/p>\n<p>\u201cMs. Raskin has been critical of the Federal Reserve for allowing oil and gas companies to access the emergency 13(3) facilities during the COVID-19 pandemic,\u201d the letter stated, pointing to Raskin\u2019s <a href=\"https:\/\/www.nytimes.com\/2020\/05\/28\/opinion\/fed-fossil-fuels.html\" target=\"_blank\" rel=\"noopener noreferrer\">earlier statements<\/a> on climate change. \u201cShe has also advocated for federal regulators to transition financing away from the fossil fuel industry in her writings and public comments.\u201d<\/p>\n<p>\u201cIs it the role of the Federal Reserve to direct capital away from certain industries that are politically disfavored or direct capital towards industries that are politically favored?,\u201d it asked, among other questions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Sarah Bloom Raskin is an excellent candidate for Fed vice chair for supervision. She understands better than anyone that climate-related financial risks are systemic, and that managing them is core to promoting financial stability. I look forward to voting to confirm her.<\/p>\n<p>\u2014 Brian Schatz (@brianschatz) <a href=\"https:\/\/twitter.com\/brianschatz\/status\/1482045799324397575?ref_src=twsrc%5Etfw\">January 14, 2022<\/a> <\/p>\n<\/blockquote>\n<p>Toomey <a href=\"https:\/\/www.banking.senate.gov\/imo\/media\/doc\/toomey_to_biden_on_fed_geographic_diversity.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">wrote<\/a> his own letter to Biden on Tuesday, saying that \u201cthe demonstrated hostility of one nominee, Sarah Bloom Raskin, towards a sector [energy] that supports employment for millions of Americans, is unacceptable \u2026 she has also advocated for the Federal Reserve to pressure banks into choking off credit to traditional energy companies.\u201d<strong> <a href=\"https:\/\/dailycaller.com\/2022\/01\/25\/republican-sen-toomey-criticizes-biden-fed-nominees-lack-of-experience\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Republican Sen. Toomey Criticizes Biden Fed Nominees\u2019 Lack Of \u2018Experience\u2019)<\/a><\/strong><\/p>\n<p>The Senate Banking Committee will <a href=\"https:\/\/www.banking.senate.gov\/hearings\/01\/25\/2022\/nomination-hearing\" target=\"_blank\" rel=\"noopener noreferrer\">convene<\/a> on Feb 3. to conduct a hearing on the nomination for Raskin.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest lobbying group in the U.S. is raising concerns over President Joe Biden\u2019s latest high-profile nominee, according to a letter released Thursday.\u201cSome of Ms. Raskin\u2019s past actions and statements &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1248516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1248516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1248516"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1248516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1248516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1248516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1248516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}